Shih Wei Navigation Co (TPE:5608) Inventory Turnover : 5.90 (As of Mar. 2024)

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What is Shih Wei Navigation Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Shih Wei Navigation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$795 Mil. Shih Wei Navigation Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$135 Mil. Shih Wei Navigation Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shih Wei Navigation Co's Days Inventory for the three months ended in Mar. 2024 was 15.46.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Shih Wei Navigation Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Shih Wei Navigation Co Inventory Turnover Historical Data

The historical data trend for Shih Wei Navigation Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shih Wei Navigation Co Inventory Turnover Chart

Shih Wei Navigation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.70

16.32

18.88

19.68

21.01

Shih Wei Navigation Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															5.16	5.81	6.14	6.02	5.90

Shih Wei Navigation Co Inventory Turnover Calculation

Shih Wei Navigation Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3325.045	/ (	(196.994	+	119.594)	/	2 )
=	3325.045	/	158.294
=	21.01

Shih Wei Navigation Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	794.903	/ (	(119.594	+	149.705)	/	2 )
=	794.903	/	134.6495
=	5.90

Shih Wei Navigation Co (TPE:5608) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Shih Wei Navigation Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	134.6495	/	794.903	*	365 / 4
	=	15.46

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Shih Wei Navigation Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	134.6495	/	785.195
	=	0.17

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Shih Wei Navigation Co Inventory Turnover Related Terms

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Shih Wei Navigation Co (TPE:5608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shih Wei Navigation Co Ltd (TPE:5608) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 167, Fusing North Road, 16th Floor, Song-Shan District, Taipei, TWN, 10547

Website

https://www.swnav.com.tw

Shih Wei Navigation Co Ltd is a Taiwan-based company, that engages in the provision of shipping-related services. Its business includes the international shipping industry, bulk carrier leasing, and cargo transportation of bulk timber, steel, and ores. Its shipping agency industries such as cargo handling, crew loan allocation, ship repair projects, marine materials, arrangements, and other projects. Its vessel type includes Panamax, Supramax, Handy, Multi-Purpose, and Log Carriers. The company's operating segment includes Shipping and Tourist. It generates maximum revenue from the Shipping segment. Geographically, it derives a majority of its revenue from Asia.

Shih Wei Navigation Co (TPE:5608) Headlines

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